January 07, 2025 09:55 pm (IST)
Follow us:
facebook-white sharing button
twitter-white sharing button
instagram-white sharing button
youtube-white sharing button
Centre announces memorial for Pranab Mukherjee, his daughter thanks PM Modi for 'gracious gesture' | Delhi assembly elections on Feb 5, results on Feb 8 | Allu Arjun visits boy injured during Pushpa 2 stampede in Hyderabad | Donald Trump repeats his US-Canada merger offer after Justin Trudeau's resignation | India's HMPV cases surge to 7 after two cases reported from Nagpur | H-1B visa renewal will get simpler in 2025, Indians to benefit most as home country travel won't be required | As India detects 3 HMPV cases, #lockdown trends; Centre says no need to panic | Justin Trudeau announces resignation as Canada's PM amid rising pressure by partymates | 8 jawans, driver killed as Maoists blow up security vehicle in Chhattisgarh's Bijapur | Atul Subhash suicide: Karnataka High Court refuses to quash FIR against wife Nikita Singhania
Pakistan Inflation
Image: Pixabay

Pakistan records 10.09 percent inflation rate in May

| @indiablooms | Jun 05, 2021, at 04:50 pm

Islamabad: Pakistan recorded inflation rate of  10.9 per cent in May, as per data released by the Pakistan Bureau of Statistics (PBS).

According to the PBS, the inflation remained in double digits for the third month, though it fell to 5.7 pc in January this year. It is mainly driven by double-digit growth in food inflation in both urban and rural areas, reports Dawn News.

On a month-on-month basis, inflation increased by 0.1 pc mainly suggesting that pressure on prices is still there and no let-up will be seen in the coming month. Food as well as non-food items prices are still on the higher side, the newspaper reported.

The average Consumer Price Index (CPI) in 11 months — between July and May — eased from 10.94pc last year to 8.83pc this year. It was projected that inflation will remain between 7pc to 9pc next year, reported the Pakistani newspaper.

Support Our Journalism

We cannot do without you.. your contribution supports unbiased journalism

IBNS is not driven by any ism- not wokeism, not racism, not skewed secularism, not hyper right-wing or left liberal ideals, nor by any hardline religious beliefs or hyper nationalism. We want to serve you good old objective news, as they are. We do not judge or preach. We let people decide for themselves. We only try to present factual and well-sourced news.

Support objective journalism for a small contribution.
Related Images
Xi Jinping, Putin in Russia Mar 22, 2023, at 08:26 pm